It’s True – take a look at the financing “offers” in the dealerships, or a close look at what the major Financial Lending Institiutions are offering.
Requirements to apply for this Loan
- 3 Months Bank Statements
- 1 Recent Payslip**
Conditions Applied to this Loan:
- Cheque must be made payable to 3rd Party or Garage
- Proof of Purchase may be required
- Over 18’s only
- Lending criteria, Term & Conditions apply
- Security may be required
- Maximum Term 5 years
A typical €10,000 five year variable loan will have 60 monthly repayments of €188.48, Interest 4.95% variable, APR* 5.06%. If the APR does not vary during the term of the loan the total cost of credit of this loan (i.e. total amount repayable less the amount of the loan) would be €1,308.80. The total amount payable is €11,308.80.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
*APR – Annual Percentage Rate
**In some instances more than one payslip may be required.